Codexis, Inc. CDXS Cash Flow

Codexis, inc. (CDXS)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating activities:
Net loss
-14,451	-11,935	-11,761	-14,092	-11,320	-10,878	-9,447	-17,685	-20,230	-22,996	-29,226	-17,563	-9,044	-8,558	-5,351	-1,394	-8,993	-7,581	-5,183	-15,139	-18,258	-19,071	-29,230	-33,929	-38,055	-41,303	-47,028	-40,076	-32,990	-30,857	-20,614	-21,048	-20,569	-16,550	0	0	0
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	2,812	3,374	3,374	3,374	3,374	3,374	3,374	3,374	3,374	3,374	3,374	3,374	3,374	3,375	3,390	3,437	3,509	3,594	3,664	3,691	3,716	0	0	0
Depreciation
1,689	1,570	1,453	1,337	1,228	1,147	1,059	991	954	1,042	1,164	1,364	1,595	1,734	1,831	1,879	1,942	2,035	2,201	2,313	2,853	3,311	4,316	5,481	6,162	6,944	7,393	7,905	8,503	8,908	8,899	8,539	8,063	7,755	0	0	0
Amortization expense - right-of-use assets - operating and finance leases
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of premium on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-2	-175	-160	-154	-110	-126	-272	-498	-697	-778	-1,097	-930	-771	0	0	0
Loss on disposal of property and equipment
-	-	-	-	-	-8	-14	-13	-11	-9	12	18	16	42	-2	-10	-10	-32	-134	-97	-85	-24	177	219	174	0	-1,520	-1,583	-1,580	-1,551	0	0	0	-	-	-	-
Accretion of asset retirement obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	34	25	29	39	0	0	0
Stock-based compensation
7,049	6,943	7,465	7,503	7,972	7,889	8,086	8,149	7,402	7,091	7,024	6,421	5,953	5,673	5,228	5,221	5,230	5,126	4,749	4,581	4,676	4,620	4,658	4,229	4,146	4,389	3,894	4,734	5,379	5,076	6,581	7,652	8,293	9,431	0	0	0
Unrealized loss on investment in equity securities
-422	-525	-589	-256	-212	-83	-20	5	26	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain from extinguishment of asset retirement obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-124	0	0	0
Gain on sale of Hungarian subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	760	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable, net
-4,254	-2,522	3,372	2,359	3,696	-960	-15	362	2,238	5,298	-4,284	4,463	1,029	-1,405	-1,643	546	1,137	3,459	10,467	-150	-1,692	-1,587	-3,112	1,812	-2,046	-1,629	-9,815	-6,533	-11,135	-11,372	-2,798	-3,183	7,224	3,583	0	0	0
Contract assets
619	992	-675	-554	0	35	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unbilled receivables
3,554	7,397	1,964	1,881	2,629	2,349	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
69	-217	-433	-316	-580	-447	-20	229	88	210	-227	-349	102	-167	398	187	30	-403	-1,265	-995	-1,052	-92	27	631	358	185	-845	-2,869	-3,127	-3,186	-2,479	14	1,589	1,671	0	0	0
Prepaid expenses and other current assets
1,718	1,412	-666	787	-227	37	-272	-1,849	102	-157	1,278	2,007	166	-7	171	21	-26	-10	-558	-585	-463	339	-112	2,969	1,264	-850	223	-2,864	2	3,051	2,662	2,746	1,459	682	0	0	0
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-current assets
0	-	0	0	0	-	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0	-	1,805	1,808	1,385	1,857	-1,284	-371	624	0	1,341	396	-208	0	0	0	0
Accounts payable
325	-428	-132	-1,619	-548	-524	-2,637	-885	-894	-801	2,138	988	455	942	1,286	1,255	1,062	-1,274	-1,475	-1,677	-1,546	713	1,054	1,785	-956	308	-4,797	-2,767	-4,532	-6,710	-1,222	-3,402	-1,267	1,156	0	0	0
Accrued compensation
-3,344	-269	-467	734	334	519	1,367	897	800	439	771	77	1,029	983	471	228	705	385	177	637	-38	-530	-815	-1,208	-364	130	-1,368	-854	-235	-3,290	-1,457	-830	603	-1,322	0	0	0
Other accrued liabilities
1,999	2,474	1,338	-66	2,869	-17	444	1,579	1,341	1,399	1,634	-923	-1,002	-593	-479	311	667	-1,062	-162	-1,219	-1,281	555	-3,610	1,487	752	-2,724	696	-3,810	-5,646	197	-2,423	2,595	5,427	4,351	0	0	0
Long term lease incentive
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
-1,218	-1,210	-1,485	-1,105	-1,310	-904	-650	-458	-191	0	-60	-56	-19	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
3,186	-6,243	-5,408	-353	-7,697	-10,631	-2,422	-2,353	4,098	11,017	1,014	1,207	-5,210	-6,442	-6,299	-2,497	1,001	1,908	2,862	4,409	3,369	4,195	4,994	1,988	1,058	1,629	1,776	-1,468	-4,904	-1,789	-6,872	-2,370	-2,960	-4,339	0	0	0
Net cash used in operating activities
-11,134	-12,560	-9,619	-9,862	-12,760	-14,094	-5,748	-9,365	-9,374	-8,755	-11,218	-13,578	-5,645	-1,860	133	7,774	3,634	-433	-2,615	-1,360	-1,122	321	-8,558	-18,777	-21,916	-22,998	-23,830	-19,160	-15,972	-11,892	-10,051	-3,439	-7,183	-490	0	0	0
Investing activities:
Purchase of property and equipment
4,046	3,730	4,009	2,554	3,197	2,768	2,316	1,777	764	985	844	1,094	860	888	1,698	1,490	1,412	1,199	323	374	333	302	995	645	1,148	1,175	748	1,023	874	2,933	5,555	9,100	11,952	10,736	0	0	0
Proceeds from sale of Hungarian subsidiary, net of selling costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Proceeds from the sale of assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Proceeds from disposal of property and equipment
-	-	-	-	-	-	-	-	-	2	12	18	16	42	48	40	40	18	6	-15	55	167	254	425	355	238	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-
Purchase of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,638	22,302	33,553	34,386	52,564	0	0	0
Proceeds from sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,397	0	0	0	-	-	-	-
Changes in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45	0	0	0
Net cash used in investing activities
-3,981	-3,665	-3,944	-2,551	-3,195	-2,766	-2,318	-1,778	-763	-983	-836	-1,076	-844	-846	-1,647	-1,451	-1,448	-1,257	-391	-186	994	4,647	4,239	7,184	14,426	13,272	24,518	33,607	19,172	16,711	4,349	-12,651	-20,776	-48,808	0	0	0
Financing activities:
Proceeds from exercises of stock options
6,338	7,099	4,980	5,580	5,046	4,680	4,391	2,024	601	266	270	339	1,126	1,034	993	931	196	289	250	328	233	195	210	99	117	318	651	1,251	1,426	1,257	997	476	1,188	2,579	0	0	0
Payments of lease obligations - Finance leases
234	242	240	239	239	238	236	233	223	175	117	60	10	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid related to net share settlement of equity awards
1,058	2,850	2,900	2,849	2,849	3,190	3,140	3,174	3,174	1,670	1,671	1,662	2,062	1,524	1,524	1,500	2,354	1,813	1,812	2,283	1,142	815	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Net cash used in financing activities
55,024	53,961	51,790	52,502	39,251	38,569	38,351	35,831	20,433	21,650	21,711	21,908	-946	-490	-531	-569	-2,182	-1,524	-1,553	-1,946	-876	-611	-1,070	-709	-578	-147	651	1,251	1,426	1,257	997	476	1,188	2,579	0	0	0
Net decrease in cash, cash equivalents and restricted cash
39,909	37,736	38,227	40,089	23,296	21,709	30,285	24,688	10,296	11,912	9,657	7,254	-7,435	-3,196	-2,045	5,754	4	-3,214	-4,559	-3,492	-1,004	4,357	-5,389	-12,302	-8,068	-9,873	1,338	15,699	4,627	6,241	-4,559	-15,389	-26,548	-46,634	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	165	146	225	223	85	0	0	0
Supplemental disclosure of cash flow information
Interest paid
31	49	39	51	84	84	71	66	160	141	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
-	-	-	-	-	5	5	32	36	32	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental non-cash investing and financing activities:
Equipment acquired under finance leases
-	-	-	-	-	-	-	-	-	862	840	840	528	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property and equipment recorded in accounts payable and accrued expenses
180	140	416	1,006	427	300	442	75	-11	42	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-